Capital Market Outlook
October 12, 2021
IN THIS ISSUE
- Macro Strategy — Approving Fiscal Boosters: An increased emphasis on fiscal treatments brings significant implications for the business cycle and portfolio positioning.
- Global Market View — Recent Geostrategic Chess Moves and the Implications for Investors: The global geopolitical environment is fluid and in flux, and prone to periodic pressure points that can create and sustain market volatility.
- Thought of the Week — Negative Real and Nominal Rates Continue To Support Global Growth: Monetary policies will likely remain supportive of growth for some time, and market yields seem to agree.
Important Disclosures
All data, projections and opinions are as of the date of this report and subject to change.
The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America") and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S" or “Merrill"), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation.
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All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors.
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